59-1738. Disclosure document; disclose existence of bond or trust account.
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/ne/chapter-59/59-1738A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the seller is required to secure a bond or establish a trust account pursuant to the requirements of sections 59-1726 to 59-1728 , the disclosure document required by section 59-1732 shall state either:
(1)Seller has secured a bond issued by ............., (name and address of surety company) a surety company admitted to do business in this state. Before signing a contract to purchase this seller-assisted marketing plan, you should check with the surety company to determine the bond's current status; or
(2)Seller has deposited with the Department of Banking and Finance information regarding its trust account. Before signing a contract to purchase this seller-assisted marketing plan, you should check with the Department of Banking and Finance to determine the current status of the trust account.